Rogers Communications Inc. has filed papers with the Minister of Finance, under Canada's Bank Act, to start a bank.
The bank would carry on business in Canada under the name of Rogers Bank in English and Banque Rogers in French. The application stated the Bank would primarily be focused on credit, payment and charge card services. Rogers Bank would not be dealing in traditional banking which includes savings and chequing accounts, loans, etc.
Rogers spokesperson Carly Suppa stated "We have no plans to become a full-service deposit-taking financial institution... The license, if granted, would give us the flexibility to pursue a niche credit card opportunity to our customers should this make sense at a future date".